Hike in duty drawback on gold, silver to boost exports
The government decision to increase the drawback rate on select gold and silver article will…
Gold, silver to remain range-bound, Powell speech, West Asia in focus: Analysts
Precious metal prices are expected to remain in a corrective phase next week as investors track geopolitical developments in West Asia and key macroeconomic data from major economies for fresh direction, analysts said. Speeches from Federal Reserve Chair Jerome Powell on Monday and other Fed officials later in the week will also be closely watched…
NCLAT rejects BSE pleas on Demat account freezing during insolvency
Representative image. | Photo Credit: Getty Images/iStockphoto The National Company Law Appellate Tribunal (NCLAT) has dismissed the appeals filed by BSE, where the leading bourse challenged the power of the NCLT to defreeze the Demat accounts of businesses undergoing insolvency resolution and liquidation process. “…the impugned orders have been passed in valid exercise of such…
Housing sales in Jan-Mar dip 7% from December quarter due to West Asia conflict, up 9% annually: Anarock
Co-Founder and Chairman, ANAROCK, Anuj Puri. File | Photo Credit: Bijoy Ghosh Housing sales rose 9% annually to over 1.01 lakh units in January-March across the top seven cities on a low-base effect but fell 7% from the previous quarter amid global economic uncertainties due to the West Asia conflict, according to Anarock. Sales increased…
Coal India to set up 8 new coking coal washeries spending ₹3,300 crore
Image for representational purposes only. Photo credit: Special arrangement Seeking to improve the quality of their coking coal, state-owned miner Coal India informed it would be setting up eight new coking coal washeries, with a combined washing capacity of 21.5 million tonnes a year, at an estimated capital outlay of ₹3,300 crores. Of the eight…
Geopolitical tensions drive volatile gold prices, hitting jewellery demand
Gold prices plunged by ₹3,263 or 2 per cent to ₹142,942 per 10 gram on Friday | Photo Credit: REUTERS A surge in geopolitical tensions in West Asia has jolted India’s gold market, triggering sharp price swings and dampening both domestic buying and export demand at a critical juncture for the jewellery trade. Gold prices,…
Rupee slumps to record low past ₹94 per dollar, set for worst fiscal in more than a decade
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto The rupee plunged to a record low on Friday (March 27, 2026), sliding past the ₹94-per-dollar mark, with mounting worries over the energy crisis sparked by the West Asia war putting the currency on track for its worst fiscal-year drop in more than a decade….
Stock markets dive over 2% amid geopolitical uncertainties, rising crude prices
Equity benchmark indices Sensex and Nifty tumbled over 2% on Friday (March 27, 2026) after a two-day rally, in tandem with a weak trend in global peers, as the U.S.-Iran conflict continues to be the crucial overhang for markets, raising doubts about a de-escalation of the war. Crude oil prices staying above the $100 per…
Government to review windfall tax imposed on export of diesel and ATF on fortnightly basis: CBIC chief
The government will review the special additional excise duty on diesel and ATF. File picture | Photo Credit: Getty Images/iStockphotos CBIC Chairman Vivek Chaturvedi on Friday (March 27, 2026) said the government will review the special additional excise duty or windfall tax on diesel and ATF (Aviation Turbine Fuel) every fortnight. The move to levy…
Gold rises on dip-buying but heads for fourth weekly loss
Gold rose on Friday on bargain-hunting but remained on track for a fourth straight weekly loss, as the US-Israel war with Iran stoked inflation concerns, lifted the dollar and reinforced expectations of higher interest rates. Spot gold rose 1.1 per cent to $4,425.39 per ounce as of 1018 GMT. Gold was set for a weekly…
Allocation for commercial LPG increased to 70% of pre-conflict levels
Offering further respite to commercial entities seeking supplies of liquified petroleum gas (LPG), the Ministry of Petroleum and Natural Gas (MoPNG) Friday (March 27, 2026) called to increase allocation of the hydrocarbon gas to States and Union Territories (UTs) by another 20%. Thus, taking the total allocation of commercial LPG to 70% of the pre-crisis…
